[LB047068], Letter from Thomas Alva Edison to Sherburne Blake Eaton, January 24th, 1891


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[LB047068], Letter from Thomas Alva Edison to Sherburne Blake Eaton, January 24th, 1891




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Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University


January 24, 1891.
Major S. B. Eaton,
#120 Broadway, New York City.
Dear Sir:-
I have your letter of 23rd instant, detailing interview between Mr. Lippincott, Mr. Bush and yourself, on the date mentioned.
In regard to paragraph 2: Mr. Bush is mistaken as to what he told me. I was informed that they had made an arrangement with the Graphophone Company whereby the latter was to receive $10 royalty, but the clause that they should acquire all my inventions was never mentioned to me. Had it been I would shut down on it immediately.
With reference to paragraph 3: The 60 day clause was allowed to permit of Lippincott collecting from the other Companies.
Paragraph 5: The stocks mentioned are no good in view of Graphophone contract. Perry tells me that N. A. P. Co. stock is hawked around the street for ten dollars a share.
Paragraph 6: The total amount due me will amount to over $250,000.
Paragraph 7: I think we had better not give any new note, unless it is legally necessary to do so, but let the old one [illegible next] on. If, however, the issue of a new note is necessary in order to [illegible text] the effect of my memo, why then it is O. K.
Paragraph 8: Our accounts are without profit and are charged up in the usual way, the same method being applied to everybody.
Yours very truly,
Thom A Edison
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